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Are DIY investors still interested in meme stocks like AMC and Gamestop?

In January, Cohen joined the Gamestop board which helped to boost its share price from $19.95 to $39.12 in just 9 days.
An army of novice Reddit traders then flocked to Gamestop lifting its share price to nearly $350 after Elon Musk s Gamestonk tweet.
Attention then turned to other stocks that had fallen out of favour, like cinema chain AMC Entertainment and even Nokia at one point.
Investors are still backing meme stocks
Now the dust has settled, it seems those who bought at the peak in mid-January are nursing losses.
Gamestop is trading down nearly 50 per cent from its January highs, although it has soared 880 per cent in the year-to-date. ....

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Weekend Essay: How influencers became financial advisers

30
th January 2021
7:00 am
“Here’s my strategy in a nutshell,” the man in the video says. “I see a stock going up and I buy it, and I just watch it until it stops going up, and then I sell it, and I do that over and over and that pays for our whole lifestyle.”
Sporting a baseball cap, Ohio State football sweater and a hearty ginger beard, he doesn’t exactly look like your average finance professional.
But he turned $400 into $14,000 in a month, apparently. In the next one, he turned less than $1,000 into $20,000. All through a strategy that seemingly boils down to little more than a game of pass the financial parcel. ....

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